NondonBlog Editorial Staff

Bitcoin is bigger than the internet, says billionaire Tim Draper

, 16:21
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Star investor and Silicon Valley venture capitalist Tim Draper has already drawn attention to Bitcoin price forecasts in the past. With Bitcoin heading toward $ 10,000, Draper reiterated that he believes Bitcoin will be one of the biggest revolutions since the introduction of the Internet.

The Bitcoin price has climbed to a 30-day high of $ 9,740 last night, not far from the $ 10,000 mark.

Also, the market capitalization rose to $ 436 billion, and shortly thereafter to go through a small setback.

Tim Draper became known through investments in the companies Tesla, Jobs.com or Skype. At the weekend, Draper was invited to a panel discussion at the Intelligence / Manhattan Institute, where he was asked if Bitcoin could be compared to its previous investment decisions.

Draper pointed out that Bitcoin is bigger than everything together (freely translated):

Bitcoin is bigger than the internet. It’s bigger than the industrial revolution. This will affect the entire world and become more relevant than you can imagine.

Recently, Tim Draper predicted a Bitcoin price of $ 250,000 by 2022 , garnering popularity and fierce criticism.

The complete discussion about whether Bitcoin is a bubble is ridiculous. Our last bubble was the internet. What happened to the Internet until today? You still use the internet. That was not a bubble, but an amazing change in our world. he said.

We are confident in the crypto market and, of course, hope that Tim Draper’s Prognoses will actually come true.

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